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| Czech pension is higher, Slovak is closer to salary |
| Bratislava, 25.05.2026 |
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| A Czech pensioner receives almost 170 euros more from the state than a Slovak pensioner on average. However, after taking into account all components and in relation to the average wage, the Slovak system is more generous towards pensioners. According to the OECD, the ratio of net pension to net wage is 76% in Slovakia and 56% in the Czech Republic. This is indicated by the pension analysis of the Finax company.
The average pension from the first pillar was 703 euros in Slovakia as of December 31, 2025, while in the Czech Republic it was 871 euros. However, a direct comparison of these figures is inaccurate, because both systems have different structures. The Slovak benefit from the first pillar does not include the payment from the second pillar or the 13th pension. The Czech system, on the other hand, does not have a second pillar, so the benefit from its first pillar is inherently higher.
After taking into account all components - i.e. benefits from the first pillar, the second pillar and the 13th pension calculated by months, the average Slovak pension reaches 792 euros, which is 79 euros less than the average Czech pension. However, a pensioner in Slovakia receives approximately 49% of the average wage, while in the Czech Republic it is only 41%.
The two systems also differ in the setting of the retirement age. In the Czech Republic, the target retirement age is set at 67 years. In Slovakia, the retirement age is continuously adjusted according to life expectancy and is currently at 64 years.
Finax economist Patrik Kindl emphasizes that the most important thing for the stability of the pension system is its long-term sustainability, which takes into account the gradual aging of the population. In Slovakia, the second pillar contributes to this role. The average monthly benefit from the second pillar currently amounts to approximately 33.60 euros, but it will grow thanks to a higher number of savers, longer-term invested funds and higher contributions.
“However, it is necessary to point out the fundamental risk, which is possible legislative interventions by the state in the second pillar. These are political decisions that the average saver cannot influence in any way, but they can have a direct impact on the amount of his future savings,” Kindl warned.
Since the Czech Republic does not have a second pillar, it places much greater emphasis on private savings, primarily through the third pillar (the so-called pension). “Thanks to the state contribution of 20% of the monthly deposit, a maximum of 340 CZK (14 euros) per month with a personal deposit of at least 1,700 CZK (70 euros) and tax savings of up to 7,200 CZK (almost 300 euros) per year, this is a relatively attractive instrument,” Kindl assessed.
According to the economist, in Slovakia, the third pillar is advantageous almost exclusively if the employer contributes to it. Without its contribution, the tax savings represent only approximately 34 euros per year, which is a negligible motivation. According to him, an alternative is the European Personal Pension Product (PEPP), which has almost the same tax conditions, but is bound by European rules and keeps the money invested even in the payout phase. At the same time, it is transferable between EU countries, which is also advantageous for Slovaks living in the Czech Republic or planning to work there.
Since 2024, the Czech Republic has offered the DIP product (long-term investment product), which allows you to draw on the same tax benefits when investing in shares or ETF funds through regular brokers. Tax support is therefore not tied only to specific pension products. It is also possible to include a European pension under the DIP and thus benefit from the same tax benefits.
Slovakia lacks a similar tool. "The creation of a long-term investment product with tax incentives comparable to the Czech DIP could significantly motivate residents to actively save for retirement and thus compensate for the growing pressures on the pay-as-you-go system resulting from demographic developments," stated Kindl.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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